Financial Release

MAYFIELD VILLAGE, OHIO - August 16, 2017 -- The Progressive Corporation (NYSE:PGR) today reported the following results for July 2017:

(millions, except per share amounts and ratios; unaudited)

July

July

Change

2017

2016

Net premiums written

$

2,708.7

$

2,276.4

19 %

Net premiums earned

$

2,475.8

$

2,172.5

14 %

Net income attributable to Progressive

$

199.3

$

73.8

170 %

Per share

$

0.34

$

0.13

170 %

Total pretax net realized gains (losses) on securities

(including net impairment losses)

$

0.9

$

23.3

(96) %

Combined ratio

90.1

97.3

(7.2) pts.

Average diluted equivalent shares

585.8

584.8

0 %

(thousands; unaudited)

July

July

2017

2016

Change

Policies in Force

Vehicle businesses:

Agency - auto

5,415.4

4,952.1

9 %

Direct - auto

5,771.0

5,310.2

9 %

Total personal auto

11,186.4

10,262.3

9 %

Total special lines

4,382.8

4,282.1

2 %

Total Personal Lines

15,569.2

14,544.4

7 %

Total Commercial Lines

630.6

605.6

4 %

Property business

1,327.8

1,179.0

13 %

About ProgressiveThe Progressive Group of Insurance Companies makes it easy to understand, buy and use auto insurance. Progressive offers choices so consumers can reach us whenever, wherever and however it's most convenient-online at http://www.progressive.com, by phone at 1-800-PROGRESSIVE, on a mobile device or in-person with a local agent.

We offer insurance by phone, online and through independent agents. Prices vary based on how you buy. Quotes for policies sold through agents and brokers are available, and can also be retrieved, through ProgressiveAgent.com or via the Quote with a Local Agent button. Mobile quotes are for policies purchased directly from Progressive. Not available in all states and situations.

Progressive Home Advantage® policies are placed through Progressive Specialty Insurance Agency, Inc. with select insurers that it represents. These insurers are not affiliated with Progressive, are solely responsible for claims and pay PSIA commission for policies sold. Prices, coverages, privacy policies and PSIA's commission vary among these insurers. A quote from one of the insurers can be provided through this site. Click here for a quote from other insurers or more information about PSIA's commission.